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CA Foundation Partnership — practice questions — page 3

Explore 71 free Partnership questions in CA Foundation Businesslaw. Open each question or exercise to read its content, reference answers and available explanation.

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Partnership questions and exercises with answers

Showing questions 61–71 of 71.

Section 69 bars an unregistered firm from doing what against a third party?Read the answer and worked solution →Section 69 spares a set-off claim not exceeding what value?Read the answer and worked solution →Knowingly false registration particulars draw how long a maximum jail term?Read the answer and worked solution →Public notice of a registered firm's dissolution includes which publication?Read the answer and worked solution →Settling accounts after dissolution, firm assets first pay what?Read the answer and worked solution →Which is repaid first among partners after outside debts?Read the answer and worked solution →After dissolution, a partner's authority continues for what purpose?Read the answer and worked solution →No premium refund follows when dissolution is mainly due to what?Read the answer and worked solution →A partner rescinding for fraud ranks as what regarding debt payments he made?Read the answer and worked solution →While settling accounts after dissolution, goodwill is treated as what?Read the answer and worked solution →A fixed-term firm carrying on after expiry takes the incidents of what?Read the answer and worked solution →

Worked practice questions

Section 69 bars an unregistered firm from doing what against a third party?

  1. Being sued by anyone
  2. Suing on a contract
  3. Paying its taxes
  4. Hiring more staff
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Correct answer: B. Suing on a contract

An unregistered firm cannot sue a third party to enforce a right arising from contract.

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Section 69 spares a set-off claim not exceeding what value?

  1. Rs 1,000
  2. Rs 500
  3. Rs 10,000
  4. Rs 100
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Correct answer: D. Rs 100

Section 69(4)(b) exempts suits or set-off claims not exceeding one hundred rupees of the specified small kind.

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Knowingly false registration particulars draw how long a maximum jail term?

  1. Three months
  2. One year
  3. Two years
  4. Six months
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Correct answer: A. Three months

Section 70 punishes false particulars with imprisonment up to three months, or fine, or both.

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More Businesslaw topics

Negotiable Instruments Act 1881Nature of ContractsAgencyThe Limited Liability Partnership Act 2008Contract of Indemnity and GuaranteeBreach of Contract and its RemediesPerformance of ContractCompanies Act 2013